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Aura Power secures £10m grant from Novuna Business Finance to progress renewable energy projects

May 01, 2024over 1 year ago

Amount Raised

£10 Million

BristolBiomass EnergySolarRenewable EnergyEnergy

Investors

Novuna Business Finance

Description

Aura Power has secured a £10m grant from Novuna Business Finance to support its development pipeline of utility-scale solar PV and battery energy storage in the UK, Europe, and North America, contributing to the reduction of carbon emissions and reliance on fossil fuels.

Company Information

Company

Aura Power

Location

Bristol, England, United Kingdom

About

Aura Power is a developer of renewable energy projects, focusing on utility-scale solar PV and battery energy storage in the UK, Europe, and North America.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech